It’s time for the Dukascopy Midday Snapshot for Thursday. Let’s take a look at how market players have worked out the rate movements by 12 o’clock.
Euro/Dollar rose by 67 pips after 8 o’clock and rise puts the pair point 22% in the green. Traded volume is average and sentiment of the traders is neutral, but leaning towards the bearish side by 8%. Late rise makes a successful start of the day more likely for those who had long positions.
Pound/Dollar moved up hours into the trading day as well and the pair stood point 3% up from the opening level at noon. The Cable sees a typical amount of funds and most of them have been driven by bullish expectations. Late rise suggests a successful morning session for market players.
Dollar/Yen rose sharply and a gain of point 49% was posted at midday as the pair retreated from the daily high. Turnover is high and sentiment of the market players is neutral, short positions are up by 8%. Bulls have been in better positions so far, but the pull back provided bears with some chances as well.
Pound/Yen has been on a rise and a gain of point 79% was posted at 12 o’clock. Traded volume is average and neutral sentiment of the traders is just 4% short. Rate has been moving in one direction and that’s higher, so those who had long positions should enjoy profits.
Euro/Yen’s steep rise puts the pair point 7% in the green at noon. Trading has been active, volume is a massive 132% up from the pair’s average and sentiment of the traders is strongly bearish, short positions dominate by 49%. Steep rise makes losses more likely for investors.
I’m Jack Everitt and that’s all for Thursday’s Midday Snapshot, but these stats are updated throughout the day, so check back.
You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#199746
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